Union Budget 2024: Mobile Phones, Gold, Footwear Likely To Become Cheaper
With Finance Minister Nirmala Sitharaman announcing relaxation in duties in her Union Budget 2024 speech, here are certain things expected to become cheaper.
Mobile Phones:
1
Basic customs duty on mobile phones and mobile chargers to be reduced to 15%.
Cancer Drugs:
2
Three more cancer treatment drugs exempted from customs duty.
Gold and Silver:
3
Customs duties on gold and silver to be reduced to 6%.
Platinum:
4
Customs duties on platinum to be reduced to 6.5%.
Seafood:
5
Basic customs duty on certain brood stocks, shrimps and fish feed to be reduced to 5%.
Solar Energy Parts:
6
Govt proposes not to extend customs on solar energy-related parts.
Footwear:
7
Govt proposes to cut customs duty of manufacturing leather and footwear.
Critical Minerals:
8
25 critical minerals to be exempted from customs duties & BCD on two of them to be reduced.
Ferronickel, Blister Copper:
9
Basic customs duty on ferronickel and blister copper to be removed.